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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 10752542 pip (311%)
Closed trade(s): 2969612 pip Profit (86%)
Open trade(s): 7782930 pip Profit (225%)

Trade Setup:
We opened 9 BUY trade(s) @ 34525.97 based on 'Valley' entry method at 2021.06.28.

Closed Profit:
TP1 @ 37800.00 touched at 2021.07.26 with 327403 pip Profit (9%).
TP2 @ 40000.00 touched at 2021.07.26 with 547403 pip Profit (16%).
TP3 @ 43000.00 touched at 2021.08.06 with 847403 pip Profit (25%).
TP4 @ 47000.00 touched at 2021.08.13 with 1247403 pip Profit (36%).
327403 (9%) + 547403 (16%) + 847403 (25%) + 1247403 (36%) = 2969612 pip (86%)

Open Profit:
Profit for one trade is 50091.83(current price) - 34525.97(open price) = 1556586 pip (45%)
5 trade(s) still open, therefore total profit for open trade(s) is 1556586 (45%) x 5 = 7782930 pip (225%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 37800.00 is broken, we will close open trades.

DateSeptember 4, 2021 - 22:24
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 37800.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 37800.00 is broken.

Technical analysis:

  • A trough is formed in daily chart at 43949.60 on 08/19/2021, so more gains to resistance(s) 50402.45, 52000.00, 55590.20 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 63.

Take Profits:

  1. 37800.00
  2. 40000.00
  3. 43000.00
  4. 47000.00
  5. 52000.00
  6. 55590.20
  7. 59500.00
  8. 65000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) new Sun, 17 Mar 2024
Bitcoin (BTCUSD) free Sun, 10 Mar 2024
Bitcoin (BTCUSD) free Sun, 3 Mar 2024
Bitcoin (BTCUSD) free Sun, 25 Feb 2024
Bitcoin (BTCUSD) free Mon, 19 Feb 2024